Climate & Trade : Can They Be Mutually Beneficial ?

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2017

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Cairn.info

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Globalization has contrasting effects on climate : it speeds up the spreading of new, low carbon products and services while dedicating the mobilization of worldwide economic actors to planetary effort with this end in view. Conversely, governments have given up the idea of meaningful pricing for carbon emissions of the more emitting activities in order to limit competition discrepancies in our globalized world. However, price mechanisms are also the more efficient ones in promoting low-carbon solutions. How can we reconcile environmental challenges with the economic growth provided by free-trade ?

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